DeFi Technologies Provides Monthly Corporate Update

DeFi Technologies Inc. reported a rise in assets under management (AUM) to C$661 million (US$487 million) as of August 31, 2024. This represents a 30% increase this fiscal year. August also saw the highest monthly net inflows for the year, amounting to C$14.1 million (US$10.4 million), indicating strong investor confidence.

The company maintains a robust financial position with C$26.2 million (US$19.4 million) in cash and USDT balance. Current loans payable are approximately C$17.5 million (US$13 million). Additionally, the treasury holds over 200 BTC and diverse digital assets totaling around C$33.9 million (US$25.1 million).

Key products contributing to the inflows include Valour Solana SEK and Valour BTC Zero SEK. In a strategic move, Valour signed an MOU with the Nairobi Securities Exchange and SovFi Inc. to launch digital asset ETPs in Africa, aiming to expand market reach and increase trading volumes on the NSE.